2012-05-01
2012-05-31
x Your Money

PROGRAM
STATION
CNN 8
CNNW 8
LANGUAGE
English 16

Set Clip Length:


down what europe's crisis means for the united states, christine romans, host of "your bottom line" and christie freeland, editor for thomsons reuters digital. today they fired french president nicolas sarkozy. he will be replaced by socialist francois hollande. sarkozy becomes the highest profile european leader ousted during the region's economic crisis. cnn's senior european correspondent jim bittermann joins us live from paris. jim? >> reporter: you know how they say you should have been here a day ago. you should have been here an hour and 15 minutes ago. this place was packed with sar k cozy supporters thinking he had a chance to win and he didn't win. he conceded defeat almost immediately when the numbers came from the television networks across the country, the exit polls. here is a little bit of the concession speech he gave to the followers here. >> translator: trance hfrance h republic, a new president, this is a choice. francois hollande is the president of france and must be respected. >> reporter: and while the crowd here is thinning out, one of the things that sarkoz

of the united states. >> oh, wow. wow. it sounds like you all are already fired up and ready to go. this is amazing. it is truly amazing. you know what, being here with all of you today, let me tell you, i'm feeling pretty fired up and ready to go myself. i really am. but there is a reason why we're here today. we love you, too. it's not just because we support one extraordinary man -- although, i'll admit i'm a little biased, because i think our president is awesome. and it's not just because we want to win an election. we are here -- we're here because of the values we believe in. we're here because of the vision for this country that we all share. we're because we want all our children to have a good education, right? schools that push them and inspire them, prepare them for good jobs. we want our parents and our grandparents to retire with dignity, because we believe that after a lifetime of hard work, they should enjoy their golden years. we want to restore that basic middle class security for our families because we believe that folks shouldn't go bankrupt because they get si

concern with this rush to regulate. i think, and i think you would agree with this, the united states, if we're going to remain the economic superpower, we have to be the financial capital of the world. we have to be the place where the deals get done, where we have the most efficient capital markets, and here's where i disagree with you, ali. i think this massive push to impose new regulations on our financial institutions is not going to make them safer. i think what you're going to see is a lot of this the business moving to tokyo, to london, to beijing, to places that -- >> sure, regulation has got to be smart. let me ask you this. do we agree -- is this a nonpartisan issue even in america that it's dangerous to have too many, too big to fail financial institutions? >> you know, that's a very tough question. we've been struggling with that at "the wall street journal" editorial page. because we have created this sense, in the market, that these large insurance companies, these large banks, these large brokerage firms have become too big to fail. and that, therefore, they have this

you anymore. in the united states, it's more complicated. the long-term seems pretty clear. >> just to be clear, in greece, the voters have said, we don't want austerity, but the people upon whom they depend to lend them money have said, we don't really care what you want. you're not getting the money if you don't do it. ben, help me out. in times when private enterprise doesn't do what will has described, does it not fall to government to do that? >> you haven't talked in europe about the third partner in this negotiation. the greek leaders are not saying, screw what the greek people think. they're saying, we're going to get screwed by the bank if we don't do the conditionality that they're asking for. so they don't like it, and what's happened with the socialists, they're saying, we're not going to do it anymore. and even merkel is saying in germany -- i know we want to talk about the u.s., but it's very important. we're in a situation right now where america is trying to be more like germany and europe was for the last few years. and europe is trying to be more like america is su

the total population of the united states. facebook's user base has quadrupled four times over the last three years. facebook has 100 billion friendships. users leave 2 billion likes and comments each day, 2.7 billion, actually. facebook is also the world's largest photo sharing site. users upload 250 million photos every day. all that data allows facebook to offer highly targeted advertising. in 2009, facebook made 98% of its money from ad sales. that dropped to 85% last year, $3.7 billion. sounds like a lot, but facebook makes less than $5 per user each year. google makes more than four times that amount. so facebook needs to convince investors that it can turn users into money. davemorin was an early member of the facebook team. he's the co-inventor of the facebook platform and facebook connect. before that he worked as a marketing manager at apple. dave, back. facebook needs to continue adding new users or get more money out of each user. we know the company plans to tap into the mobile ad market, but how does post-ipo facebook grow, grow well, not alienate users, because it's got t

holders are like, look, you may need to borou borrow but we trust you. in the united states -- >> just to be clear in greece the voters have said we don't want austerity. to people who we depend to lend the money say we don't care what you want, you're not getting the money if you don't do it. ben, help me out here. at times when private enterprise doesn't do what will described, does it fall to the government to do that. >> you haven't talked in europe about the third partner in the negotiation, the bank, imf, germany. the greek leaders are not saying screw what the greek people are saying, they are saying we will get it from the bank if we don't do what they are asking for. socialists, we're in the going to do it anymore. it's not working. merkel, i know we want to talk about the u.s. it's important. we're in a situation where america is trying to be more like germany and europe was for the last few years and europe is trying to be more like america is supposed to be. the answer is does government have a role? of course it has a role. the federal government is the institution of last

Excerpts 0 to 15 of about 16 results.


(Some duplicates have been removed)


Terms of Use (10 Mar 2001)